
CleanSpark (CLSK) Stock Forecast & Price Target
CleanSpark (CLSK) Analyst Ratings
Bulls say
Cleanspark Inc. reported first-quarter revenues of $162.3 million, reflecting an impressive 82% quarter-over-quarter increase, bolstered by higher average Bitcoin prices and a significant rise in BTC production. The company's adjusted EBITDA saw remarkable growth, reaching $61.0 million with a margin of 37.6%, which is a substantial improvement from previous quarters, indicating operational efficiency and profitability. Additionally, Cleanspark's gross profit margin expanded to 56.7%, driven by increased pricing and improved fleet efficiency, while costs per BTC mined decreased, further supporting a positive financial outlook.
Bears say
Cleanspark Inc. faces significant financial challenges that contribute to a negative outlook, primarily due to heavy exposure to the volatility of bitcoin prices and increasing competition in the mining sector. The company has experienced substantial shareholder dilution from past equity sales, compounding its valuation discount compared to peers and indicating potential ongoing financial instability. Additionally, operational risks, including high power costs, unfavorable regulatory conditions, and supply chain disruptions, further threaten Cleanspark's profitability and long-term viability in the competitive bitcoin mining market.
This aggregate rating is based on analysts' research of CleanSpark and is not a guaranteed prediction by Public.com or investment advice.
CleanSpark (CLSK) Analyst Forecast & Price Prediction
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